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India: From Zero (Ni) to Hero (Stainless) in 20 years

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17 January 2019

India: From Zero (Ni) to Hero (Stainless) in 20 years

Report summary

India has succeeded in becoming an important regional force in the stainless steel business, despite not having domestic nickel resources that would enhance their cost-competitiveness. Already a crowded field of players gradually investing in modern equipment, India's consumer growth is now attracting foreign competitors. This might be the point when domestic ambitions come up against insurmountable opposition.

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